PHARMACIA & UPJOHN INC
8-K, 1996-06-18
PHARMACEUTICAL PREPARATIONS
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    --------


                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934







Date of report (Date of earliest event reported)       June 11, 1996
                                                       ------------------------

                            Pharmacia & Upjohn, Inc.
- -------------------------------------------------------------------------------
               (Exact name of Registrant as Specified in Charter)


               Delaware                   1-11557                98-0155911
- -------------------------------------------------------------------------------
      (State or Other Jurisdiction      (Commission           (I.R.S. Employer
            of Incorporation)           File Number)       Identification No.)


Knyvett House, The Causeway, Staines, Middlesex TW18 3BR, England.      (N/A)
- -------------------------------------------------------------------------------
             (Address of principal executive offices)                (Zip code)

Registrant's telephone number, including area code    44-181-956-0043
                                                      -------------------------

                                     (N/A)
- -------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)
<PAGE>   2
ITEM 1.   CHANGES IN CONTROL OF REGISTRANT.

          Not applicable.


ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS.

          Not applicable.


ITEM 3.   BANKRUPTCY OR RECEIVERSHIP.

          Not applicable.


ITEM 4.   CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.

          In connection with the creation of the Registrant for the
combination of Pharmacia AB and The Upjohn Company which was consummated on
November 2, 1995, the Registrant appointed Coopers & Lybrand L.L.P. and KPMG
Peat Marwick LLP ("KPMG") as joint independent public accountants for purposes
of certifying the Registrant's consolidated financial statements.  This joint
appointment was made on an interim basis to facilitate the implementation of
the combination until a decision could be made on the appointment of a single
firm.  The Registrant's Board of Directors, upon recommendation of its Audit
Committee, has determined to appoint Coopers & Lybrand L.L.P. as the
Registrant's certifying accountant.

          No disagreements between the Registrant and KPMG regarding matters
of accounting principles or practices, financial statement disclosures or
auditing scope or procedure occurred in connection with the audits of the
years ending December 31, 1994 and 1995, or during the period subsequent to
December 31, 1995.  The reports of KPMG on the Registrant's financial
statements for the years ended December 31, 1994 and 1995 (which were issued
jointly with Coopers & Lybrand L.L.P.) were unqualified.


ITEM 5.   OTHER EVENTS.

          Not applicable.


ITEM 6.   RESIGNATIONS OF REGISTRANT'S DIRECTORS.

          Not applicable.


ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

          Not applicable.


ITEM 8.   CHANGE IN FISCAL YEAR.

          Not applicable.
<PAGE>   3
                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                             Pharmacia & Upjohn, Inc.
                                                  (Registrant)



                                             By John L. Zabriskie, PH.D.
                                                -----------------------------
                                                Name: John L. Zabriskie, PH.D.
                                                Title: President and 
                                                       Chief Executive Officer


Dated: June 18, 1996



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